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Rubik Financial Limited (ASX:RFL) has announced a $28 million capital raising through a share placement and share purchase plan.
The financial software provider has undertaken a share placement raising $25 million and will raise a further $3 million through a share purchase plan. The shares had an issue price of $0.44.
CEO Niek Hoogenhout says the raising will assist with proposed acquisition opportunities and will accelerate its growth ambitions.
Rubik made a net profit of $1.3 million in the first half of the 2014 financial year.
